19:43
Unknown
Indices reacted to "blame game" by politicians. Dow & S&P 500 closed below 50 DMA.
S&P 500 @ 1678.66, low 1670.36...50 DMA @ 1679.84
RSI @ 46.74
CMF @ 0.124
Internals were :
Down volume led by 4.55 to 1 in NYSE & 4.08 to 1 in Nasdaq
Declining stocks led by 3.71 to 1 in NYSE & 2.88 to 1 in Nasdaq
Net new 52 wk highs were leading by 54 in NYSE & 88 in Nasdaq
VIX UP 6.45% @ 17.67
Oil @ $103.31
Gold @ $1317.60
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, IBD is changing its market outlook tonight to "market under pressure". There is more than 50% chance that a deal can be worked out over the weekend. Politicians do worry about "backlash" which is quite intense for both parties. It is a great idea to buy any strong stocks which has been beaten down. Q4 is a great time to be bullish & exposure should be @ max.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1678.66, low 1670.36...50 DMA @ 1679.84
RSI @ 46.74
CMF @ 0.124
Internals were :
Down volume led by 4.55 to 1 in NYSE & 4.08 to 1 in Nasdaq
Declining stocks led by 3.71 to 1 in NYSE & 2.88 to 1 in Nasdaq
Net new 52 wk highs were leading by 54 in NYSE & 88 in Nasdaq
VIX UP 6.45% @ 17.67
Oil @ $103.31
Gold @ $1317.60
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, IBD is changing its market outlook tonight to "market under pressure". There is more than 50% chance that a deal can be worked out over the weekend. Politicians do worry about "backlash" which is quite intense for both parties. It is a great idea to buy any strong stocks which has been beaten down. Q4 is a great time to be bullish & exposure should be @ max.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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